Calendar Year
2007 in US Banking
1,068 bank events are on record for 2007: 3 failures, 810 mergers or acquisitions involving a bank, credit union or bank holding company, and 255 enforcement actions.
3
Failures
$2.61B in failed assets
810
Mergers
Federal Reserve NIC, banking organizations
255
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings
Jump to: Bank failures 2007 · Bank mergers 2007
How many banks failed in 2007?
3 banks failed in 2007, with $2.61B in assets. Each failure below links to its own page.
| Date | Bank | Assets |
|---|---|---|
| Oct 4, 2007 | Miami Valley Bank | $125.4M |
| Sep 28, 2007 | Netbank | $2.47B |
| Feb 2, 2007 | Metropolitan Savings Bank | $15.8M |
Which banks merged in 2007?
810 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 2007.
See the fuller list: Bank mergers 2007 with largest deals and credit union mergers ›
| Date | Acquired | Acquirer |
|---|---|---|
| Dec 1, 2007 | North Atlanta National Bank | Shinhan Bank America |
| Dec 1, 2007 | Banctrust Company, Inc. | BankTrust |
| Dec 1, 2007 | FNB Financial Corporation | Southern Michigan Bancorp, Inc. |
| Dec 1, 2007 | Plano Bancshares of Delaware, Inc. | Legacytexas Group, Inc. |
| Dec 1, 2007 | Bank of Salem | Frontier Bank |
| Dec 1, 2007 | Oak Hill Financial, Inc. | WesBanco, Inc. |
| Dec 1, 2007 | Tiger Federal Credit Union | Xceed Financial Credit Union |
| Dec 1, 2007 | Golden Bay Federal Credit Union | Meriwest Credit Union |
| Dec 1, 2007 | Mt. Morris Savings and Loan Association | Sterling Federal Bank, Federal Savings Bank |
| Dec 1, 2007 | Great American Credit Union | Wescom Central Credit Union |
| Dec 1, 2007 | The Montrose State Bank | Community State Bank |
| Dec 1, 2007 | S G V Water Company Federal Credit Union | El Monte Community Credit Union |
| Dec 1, 2007 | Partners Trust Municipal Bank | Manufacturers and Traders Trust Company |
| Dec 1, 2007 | American Bank | St. Martin Bank and Trust Company |
| Dec 1, 2007 | Arvin G and F Credit Union | Centra Credit Union |
| Dec 1, 2007 | Chicago Sun Times Employees Credit Union | South Division Credit Union |
| Dec 1, 2007 | Glendale Postal Federal Credit Union | Glendale Area Schools Credit Union |
| Dec 1, 2007 | Community Educational Federal Credit Union | Vantage Credit Union |
| Dec 1, 2007 | Torrco Employees Federal Credit Union | Founders Federal Credit Union |
| Dec 1, 2007 | Partners Trust Bank | Manufacturers and Traders Trust Company |
| Dec 1, 2007 | TSB Financial Corporation | SouthState Bank Corporation |
| Dec 1, 2007 | Mid-America Bancshares, Inc. | Pinnacle Financial Partners, Inc. |
| Dec 1, 2007 | DCB Delaware Financial Corporation | DCB Financial Corporation |
| Dec 1, 2007 | MSB Holding, Inc. | Community Bancorp, Inc. |
| Dec 1, 2007 | Live Oak Delaware Financial Corp. | Live Oak Financial Corp. |
| Dec 1, 2007 | Coast Bank of Florida | First Bank |
| Nov 30, 2007 | CenterState Bank Mid Florida | Centerstate Bank, N.A. |
| Nov 30, 2007 | RF Trust Company, Inc. | Regions Bank |
| Nov 30, 2007 | Signature Bancshares, Inc. | Equity Bancshares, Inc. |
| Nov 30, 2007 | McKinney-Scranton Federal Credit Union | Penn East Federal Credit Union |
| Nov 29, 2007 | Rose Rock Bank | Interbank |
| Nov 29, 2007 | Monument Area Federal Credit Union | J S C Federal Credit Union |
| Nov 28, 2007 | Great Lakes Trust Company, N.A. | Great Lakes Bank, National Association |
| Nov 27, 2007 | Wilserv Credit Union | Oklahoma Central Credit Union |
| Nov 27, 2007 | Central Baptist Church of Pittsburgh Federal Credit Union | Hill District Federal Credit Union |
| Nov 26, 2007 | (unnamed) | First Place Bank |
| Nov 20, 2007 | Westhoma Federal Credit Union | Ssmok Employees Federal Credit Union |
| Nov 19, 2007 | Texas Heritage Bancshares of Delaware, Inc. | TXN Bancshares, Inc. |
| Nov 17, 2007 | Community Banks, Inc. | Susquehanna Bancshares, Inc. |
| Nov 17, 2007 | Park Bank | Patriots Bank |
| Nov 17, 2007 | The Clifton Heights Savings & Loan Company | Cincinnati Federal |
| Nov 17, 2007 | CommunityBanks | Susquehanna Bank |
| Nov 17, 2007 | East Penn Financial Corporation | Harleysville National Corporation |
| Nov 17, 2007 | East Penn Bank | The Harleysville National Bank and Trust Company |
| Nov 16, 2007 | Your Bank | Fidelity Bank |
| Nov 15, 2007 | City Bancorp, Inc. | Pilgrim Bancorporation |
| Nov 15, 2007 | City Delaware Bancorp, Inc. | Pilgrim Bancorporation |
| Nov 13, 2007 | FNB Southeast | NewBridge Bank |
| Nov 12, 2007 | Wisconsin State Bank | Lincoln State Bank |
| Nov 12, 2007 | Community Bank Financial | Lincoln State Bank |
The list holds 500 of the 810 mergers recorded for 2007.
Enforcement Actions in 2007
| Action date | Agency | Institution | Action |
|---|---|---|---|
| Dec 31, 2007 | OCC_OTS | Greeneville Federal Bank, F.S.B. | Termination of Cease and Desist: Greeneville Federal Bank, FSB |
| Dec 27, 2007 | OCC | Liberty National Bank | Formal Agreement: Liberty National Bank |
| Dec 21, 2007 Released Jan 8, 2008 | FRB | Commerce Southern Corp. | Written Agreement: Southern Bank of Commerce, Paragould, Arkansas |
| Dec 21, 2007 | OCC_OTS | Washington Federal Savings and Loan Association | Cease and Desist: Washington Federal Savings and Loan Association |
| Dec 21, 2007 | OCC | Olmsted National Bank | Formal Agreement: Olmsted National Bank |
| Dec 20, 2007 | OCC | The First National Bank of Fremont | Prohibition/Removal Orders: Walter, Ted |
| Dec 20, 2007 | OCC_OTS | Platinum Community Bank | Cease and Desist: Platinum Community Bank |
| Dec 20, 2007 | OCC | The First National Bank of Fremont | Civil Money Penalty (CMP): Walter, Ted |
| Dec 20, 2007 | OCC | First Tennessee Bank, National Association | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Taylor, Terry K. |
| Dec 19, 2007 | OCC | Terrabank, N.A. | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Gonzalez, Juan |
| Dec 19, 2007 | OCC | Terrabank, N.A. | Civil Money Penalty (CMP): Gonzalez, Juan |
| Dec 17, 2007 | OCC_OTS | Delanco Federal Savings Bank | Supervisory Agreement: Delanco Federal Savings Bank |
| Dec 13, 2007 | OCC_OTS | Fidelity Savings & Loan Association of Bucks County | Termination of Cease and Desist: First Federal Savings and Loan Association of Bucks County |
| Dec 13, 2007 | OCC_OTS | Home Building and Loan Company | Supervisory Agreement: Home Building and Loan Company |
| Dec 13, 2007 | OCC | (individual) | Formal Agreement: First National Bank |
| Dec 13, 2007 | OCC | The Citizens National Bank of Somerset | Formal Agreement: The Citizens National Bank of Somerset |
| Dec 12, 2007 | FRB | Eureka Bancshares, Inc. | Modifications: John F. Cross |
| Dec 7, 2007 | OCC | The First National Bank of Bellevue | Civil Money Penalty (CMP): Luhring, Roger A. |
| Dec 7, 2007 | OCC | The First National Bank of Bellevue | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Luhring, Roger A. |
| Dec 6, 2007 | OCC | The First National Bank of Fremont | Civil Money Penalty (CMP): Schimmele, David |
| Dec 3, 2007 | OCC | LaSalle Bank Midwest National Association | Civil Money Penalty (CMP): Yesh, Kathy A. |
| Dec 3, 2007 | OCC | LaSalle Bank Midwest National Association | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Yesh, Kathy A. |
| Dec 3, 2007 | OCC | American National Corporation | Civil Money Penalty (CMP): Anzalone, Jono |
| Dec 3, 2007 | OCC | American National Corporation | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Anzalone, Jono |
| Nov 30, 2007 | OCC_OTS | (individual) | Termination of Prompt Corrective Action: Mount Morris Savings and Loan Association |
| Nov 30, 2007 | OCC_OTS | (individual) | Termination of Cease and Desist: Mount Morris Savings and Loan Association |
| Nov 29, 2007 | OCC | First National Bank of Shelby County | Prohibition/Removal Orders: Harrison, William T. |
| Nov 29, 2007 | OCC | First Tennessee Bank, National Association | Civil Money Penalty (CMP): Compton, JW |
| Nov 29, 2007 | OCC | First Tennessee Bank, National Association | Prohibition/Removal Orders: Compton, JW |
| Nov 19, 2007 | OCC | Wells Fargo Bank, N.A. | Prohibition/Removal Orders: Williams, Oral R. |
| Nov 19, 2007 | OCC | Armed Forces Bank of California, National Association | Prohibition/Removal Orders: Charfauros, Jessica |
| Nov 19, 2007 | OCC | Associated Bank, N.A. | Civil Money Penalty (CMP): Associated Bank, National Association |
| Nov 13, 2007 | OCC | B2 Bank N.A. | Prohibition/Removal Orders: Hemphill, Terri |
| Nov 13, 2007 | OCC | B2 Bank N.A. | C&D or PC&D Requiring Restitution: Hemphill, Terri |
| Nov 5, 2007 | OCC_OTS | Bankatlantic | Termination of Cease and Desist: BankAtlantic |
| Nov 2, 2007 | OCC_OTS | R-G Crown Bank | Termination of Cease and Desist: R-G Crown Bank |
| Nov 1, 2007 Released Nov 2, 2007 | FRB | Farmers and Merchants Bank of Long Beach | Civil Money Penalty $9,240: Farmers and Merchants Bank of Long Beach, Long Beach, CA |
| Oct 31, 2007 | OCC_OTS | Third Federal Savings and Loan Association | Orders of Removal/Prohibition: Nakisa Foster |
| Oct 26, 2007 | OCC_OTS | World Savings Bank, FSB | Civil Money Penalty: World Savings Bank, FSB |
| Oct 24, 2007 | OCC | First National Bank of Lewellen | Formal Agreement: First National Bank of Lewellen |
| Oct 23, 2007 | OCC | The First National Bank | Formal Agreement: The First National Bank |
| Oct 23, 2007 | OCC | Capital One, N.A. | Prohibition/Removal Orders: Williams, Laterrika |
| Oct 19, 2007 | OCC_OTS | Ameribank | Cease and Desist: Ameribank |
| Oct 19, 2007 | OCC_OTS | R-G Crown Bank | Civil Money Penalty: R-G Crown Bank |
| Oct 18, 2007 | OCC | National City Corporation | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Navarro, Laila |
| Oct 18, 2007 | OCC | First National Bank of Shelby County | Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Justice, William R. |
| Oct 18, 2007 | OCC | National City Corporation | Prohibition/Removal Orders: Navarro, Laila |
| Oct 18, 2007 | OCC | First National Bank of Shelby County | Prohibition/Removal Orders: Justice, William R. |
| Oct 18, 2007 | OCC | National City Corporation | Civil Money Penalty (CMP): Navarro, Laila |
| Oct 18, 2007 | OCC | First National Bank of Shelby County | Civil Money Penalty (CMP): Justice, William R. |
Browse adjacent years: 2006 · 2008
Or jump to a category: Failures · Mergers · Enforcement · Assistance